Sports Chalk (Issue No.5) - Montana Legalizes Sports Betting

Joey Shadeck

Montana became the first state to legalize sports betting in 2019, passing legislation on Friday, May 3rd. Governor Bullock had two sports betting bills to choose from, ultimately deciding on HB 725. HB 725 allows for sports betting to be offered via mobile operations or betting kiosks at places such as a restaurant or bar. Montana is one of the only states to opt for betting kiosks as opposed to traditional brick-and-mortar casinos.

The first bets could be taken as early as the fall of 2019, before the start of the 2019-2020 NFL season. Residents of Montana should be excited to have a form of legal online gambling in a state that has traditionally given gambling the cold shoulder.

Montana

This newsletter covers stories from 04/22/19 to 05/06/19.

Legislation Update - Tennessee Gears Up for Legal Online Betting.

Sports betting is almost legal in Tennessee, as Governor Bill Lee plans to allow sports betting bill HB 001 become law without his signature. Bill HB 0001 is unique for a few reasons. The bill is exclusively for online sports betting, with annual licensing fees of $750,000. With steep annual fees, Tennessee sports betting is limiting the pool of potential providers. While sportsbooks with deep pockets like FanDuel and DraftKings may be able to afford this, other smaller sportsbooks will likely shy away. Sports betting is set to be taxed at 22.5%, an extremely high number compared to other states. Tennessee has traditionally been one of the strictest states in terms of gambling, still not having any casinos.

Tennessee

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The XFL Has Deals with Fox and Disney to Broadcast Games

XFL

Fox and Disney have made a deal with Vince McMahon to broadcast XFL games for the next three years. The league’s 43 games will be televised on broadcast or cable on Saturdays and Sundays. The XFL’s 12-week schedule starts the week after the Super Bowl in February. There are currently eight teams set to kickoff McMahon’s second iteration of the NFL-challenger.

Professional Sports Bettor Still Chasing All-Time Jeopardy Record

Jeopardy

Professional sports bettor James Holzhauer is still dominating NBC’s daily game show Jeopardy. Holzhauer currently holds the four highest single-game winnings in the show’s longstanding history, with a single-game haul of $131,127. Holzhauer is now on a 21-game win streak and has earned $1,608,627. His strategy consists of going for the highest dollar-value questions first, stockpiling his bankroll. He consistently bets well over half of his total bankroll on each daily double, giving competitors less of a chance to catch up. It also helps that he knows the answer to almost every single question. Holzhauer is now about $900,000 shy of Ken Jennings record of $2,520,700.

Shot Clock Facts

  • Maximum Security was the first horse to be disqualified after winning the Kentucky Derby. The horse was penalized for obstructing the path of another horse during the race. Country House, a 65-1 longshot ended up winning the race.
  • The Carolina Hurricanes, 30 to 1 odds to win the Stanley Cup in January, are now close to 3 to 1 odds to win the coveted Cup.
  • Stephen Strasburg collected his 1,500th strikeout on May, 2nd. It took the pitcher just 1,272.3 innings to accomplish this feat, making him the fastest pitcher to achieve 1,500 strikeouts in MLB history.

In House

Our Guides page now has state guides for over 40 different states. Each guide covers where sports betting stands in terms of legalization, what bills are in place to legalize sports betting, as well as what other forms of online gambling are available.

Our review of BetAmerica is now available. Residents of New Jersey can read the review here.

On the Horizon - NBA/NHL Playoffs

Sports fans can stay excited for the next few weeks, as the second and third rounds of the NBA and NHL playoffs continue. Baseball is also in stride as teams begin to discover their identity early in the season

Please email any feedback or suggestions to support@bettingbuck.com, or tweet @BettingBuck or @JShadeck.

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Joey Shadeck

About the author: Joey Shadeck is a research analyst for BettingBuck.com. He has been a sports fan all his life, football and basketball being his two favorites to watch. Joey remembers betting his mom that the Green Bay Packers would beat the Detroit Lions as early as elementary school. He has 5 years of online betting experience with hundreds of bets placed during that time.




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